Fuel oil smuggling network rakes in $1 billion for Iran and its proxies, Reuters reports
- A fuel oil smuggling network generates at least $1 billion annually for iran and its proxies, flourishing in iraq since prime minister mohammed shia al-sudani took office in 2022, according to reuters.
- The operation utilizes iraq's subsidized fuel distribution policy, involving many companies and individuals across iraq, iran, and gulf states, as reported by five sources and three western intelligence reports.
- Monthly, 500,000 to 750,000 metric tons of heavy fuel oil are diverted and exported, primarily to asia, which has caught the attention of washington due to links with individuals under u.s. Sanctions.
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Leaning Left2Leaning Right6Center4Last UpdatedBias Distribution50% Right
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C 33%
R 50%
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